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Home on the Trading Range

August 9, 2023
The nearly 20% bull run for the S&P 500 (SPY) from the March lows is over. Now it’s time to rest up in a trading range for the next run…

Pretiosum Ventures hits first close on its second fund to back infrastructure startups

August 9, 2023
London-based Pretiosum Ventures has reached the first close of what TechCrunch understands could eventually be a $20 million second fund. Founded in London in 2019 by Yana Abramova, the solo GP fund invests in ‘infrastructure’ startups, (enterprise SaaS, Fintech, and Web3). Pretiosum (a witty inflexion of the Latin phrase ‘pretiōsus’ meaning ‘precious’) typically writes cheques […]

Coupang to ramp up investment in Taiwan after four quarters of profits

August 9, 2023
Coupang, a South Korea-headquartered e-commerce company, said it will accelerate its investment in Taiwan after four straight quarters of profits. Coupang was the most downloaded app in the second quarter of this year in Taiwan, the company said in an earnings call on Wednesday.  “Taiwan is another investment that is thus far exceeding our expectations,” […]

Zoom knots itself a legal tangle over use of customer data for training AI models

August 9, 2023
Three years ago Zoom settled with the FTC over a claim of deceptive marketing around security claims, having been accused of overstating the strength of the encryption it offered. Now the videoconferencing platform could be headed for a similar tangle in Europe in relation to its privacy small print. The recent terms & conditions controversy […]

Singapore wealth management platform Endowus raises $35M

August 8, 2023
Back in 2021 and early 2022, there was a flurry of VC interest in Southeast Asian investment apps. One of them was Singapore-based Endowus, which raised two rounds in rapid succession: a Series A in June 2021 followed just seven months later by $25.6 million in follow-on funding. Now two years later, despite a much […]